Observing price action is the simplest way to trade. Yet, many price action trading setups are not simple at all, requiring interpretation of complex and subjective chart formations. The worst part is that traders often memorize price action trading setups without understanding the concept behind them. In this article, we will introduce a simple and effective […]
Day Trading Trading intra-day is demanding and competitive. You are pitting yourself against the fastest computers and nimblest traders. We have gathered the best resources for you.
Toby Crabel did some serious work on volatility patterns in price movement. The Inside Day/NR4 (ID/NR4) is one of the patterns he wrote in “Day Trading with Short Term Price Patterns and Opening Range Breakout“. An inside day is one with a lower high and higher low than the previous bar. NR4 is a bar with the narrowest […]
This is a scalping trade approach imparted by jjrvat on the Elite Trader forum. This is an approach and not a setup per se. You can define the setup yourself once you “get it”. This forum thread by jjrvat has influenced me deeply in understanding price action. The basic idea here is to have a […]